Events of Default and Facility Amortization Event. The Servicer will furnish to the Administrative Agent, each Rating Agency (if any), the Backup Servicer, each Lender and Hedge Counterparty, as soon as possible and in any event within three Business Days after the occurrence of each Event of Default, Unmatured Event of Default and Facility Amortization Event, a written statement of its chief financial officer or chief accounting officer setting forth the details of such event and the action that the Servicer proposes to take with respect thereto.
Events of Default and Facility Amortization Event. The Borrower will provide the Administrative Agent, each Lender and the Backup Servicer with written notice promptly and in any event within three Business Days after a Responsible Officer of the Borrower obtains knowledge of the occurrence of each Event of Default, Unmatured Event of Default and Facility Amortization Event setting forth the details of such event and the action that the Borrower proposes to take with respect thereto.
Events of Default and Facility Amortization Event. The Borrower will provide the Administrative Agent, each Lender, the Collateral Agent, the Backup Servicer, the Borrower Loan Trustee and the Image File Custodian with written notice promptly and in any event within three (3) Business Days after a Responsible Officer of the Borrower obtains knowledge of the occurrence of each Event of Default, Unmatured Event of Default and Facility Amortization Event setting forth the details of such event and the action that the Borrower proposes to take with respect thereto. The Collateral Agent shall have no obligation either prior to or after receiving any notice indicating the existence of any Insolvency Event or any Default, Event of Default, Facility Amortization Event, Servicer Termination Event or other default which, with the passage of time or the giving of notice, could become an Event of Default, a Facility Amortization Event or a Servicer Termination Event, to investigate or verify that such event has in fact occurred and shall be entitled to rely conclusively, and shall be fully protected in so relying, on any notice so furnished to it. In the absence of a Responsible Officer of the Collateral Agent’s receipt of such notice or the actual knowledge of a Responsible Officer of the Collateral Agent that any Insolvency Event, any Event of Default or incipient Event of Default, any Facility Amortization Event or incipient Facility Amortization Event or any Servicer Termination Event or incipient Servicer Termination Event has occurred, the Collateral Agent may conclusively assume that there is no Insolvency Event, Event of Default or incipient Event of Default, Facility Amortization Event or incipient Facility Amortization Event, or Servicer Termination Event or incipient Servicer Termination Event. When the Collateral Agent incurs expenses or renders services in connection with an Event of Default, the expenses (including the reasonable fees and expenses of its counsel) and the compensation for the services are intended to constitute expenses of administration under any applicable bankruptcy laws.
Events of Default and Facility Amortization Event. The Servicer will furnish to the Administrative Agent, each Rating Agency (if any), the Backup Servicer, each Lender and Hedge Counterparty, as soon as possible and in any event within three Business Days after the occurrence of each Event of Default, Unmatured Event of Default and Facility Amortization Event, a written statement of its chief financial officer or chief accounting officer setting forth the details of such event and the action that the Servicer proposes to take with respect thereto. LEGAL02/4049656702/41783784v137 LEGAL02/40496567v15 LEGAL02/41254404v5 LEGAL02/42659188v3
